VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – Still a Buy?

VictoryShares Short-Term Bond ETF (NASDAQ:USTBGet Free Report) saw strong trading volume on Wednesday . 981,433 shares traded hands during mid-day trading, an increase of 278% from the previous session’s volume of 259,490 shares.The stock last traded at $50.56 and had previously closed at $50.56.

VictoryShares Short-Term Bond ETF Stock Performance

The company has a 50-day simple moving average of $50.53 and a 200-day simple moving average of $50.68.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a $0.2031 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Thursday, July 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter worth $7,580,000. HORAN Wealth LLC grew its stake in shares of VictoryShares Short-Term Bond ETF by 19.8% during the 1st quarter. HORAN Wealth LLC now owns 262,376 shares of the company’s stock worth $13,274,000 after purchasing an additional 43,338 shares during the period. Merit Financial Group LLC increased its holdings in shares of VictoryShares Short-Term Bond ETF by 6.9% in the 4th quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock valued at $132,118,000 after purchasing an additional 167,898 shares in the last quarter. Certified Advisory Corp increased its holdings in shares of VictoryShares Short-Term Bond ETF by 10.5% in the 1st quarter. Certified Advisory Corp now owns 231,971 shares of the company’s stock valued at $11,733,000 after purchasing an additional 22,076 shares in the last quarter. Finally, Apella Capital LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 13.7% in the fourth quarter. Apella Capital LLC now owns 195,167 shares of the company’s stock valued at $9,922,000 after purchasing an additional 23,556 shares during the period.

About VictoryShares Short-Term Bond ETF

(Get Free Report)

The Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three years or less. USTB was launched on Oct 24, 2017 and is managed by VictoryShares.

Further Reading

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